First Lien Notes Obligations definition
Examples of First Lien Notes Obligations in a sentence
The Liens securing (i) the Notes, (ii) the First Lien Notes Obligations and (iii) the Note Guarantee shall be automatically and unconditionally released and discharged; provided that, for the avoidance of doubt, the Liens shall be reinstated upon the occurrence of a Reversion Date.
From and after the Completion Date and subject to the Agreed Security Principles, Section 2.02 of the First Lien Intercreditor Agreement and Section 3.6 of this Indenture, if the Company or any Guarantor creates any additional security interest upon any property or asset to secure any First Lien Obligations, it must concurrently grant a first-priority security interest (subject to Permitted Liens) upon any such property or asset, as security for the First Lien Notes Obligations.